Earnings summaries and quarterly performance for APA.
Executive leadership at APA.
John J. Christmann IV
Detailed
Chief Executive Officer
CEO
BC
Ben C. Rodgers
Detailed
Executive Vice President and Chief Financial Officer
KO
Kimberly O. Warnica
Detailed
Executive Vice President and Chief Legal Officer
MD
Mark D. Maddox
Detailed
Executive Vice President, Administration
RP
Robert P. Rayphole
Detailed
Vice President, Chief Accounting Officer and Controller
SJ
Stephen J. Riney
Detailed
President
TK
Tracey K. Henderson
Detailed
Executive Vice President, Exploration
Board of directors at APA.
AR
Annell R. Bay
Detailed
Director
AW
Anya Weaving
Detailed
Director
CJ
Chansoo Joung
Detailed
Director
CW
Charles W. Hooper
Detailed
Director
DL
David L. Stover
Detailed
Director
HL
H. Lamar McKay
Detailed
Non-Executive Chair of the Board
JS
Juliet S. Ellis
Detailed
Director
KM
Kenneth M. Fisher
Detailed
Director
MR
Matthew R. Bob
Detailed
Director
PA
Peter A. Ragauss
Detailed
Director
Research analysts who have asked questions during APA earnings calls.
John Freeman
Raymond James Financial
5 questions for APA
Also covers: AR, CRGY, DVN +9 more
LM
Leo Mariani
ROTH MKM
4 questions for APA
Also covers: AR, CIVI, CNX +18 more
Bob Brackett
Bernstein Research
3 questions for APA
Also covers: CCJ, COP, CVX +8 more
DL
Doug Leggate
Wolfe Research
3 questions for APA
Also covers: AR, BP, CNQ +23 more
Michael Scialla
Stephens Inc.
3 questions for APA
Also covers: AESI, CNX, CRC +10 more
ND
Neal Dingmann
Truist Securities
3 questions for APA
Also covers: CHRD, CIVI, COP +37 more
PC
Paul Cheng
Scotiabank
3 questions for APA
Also covers: BP, CLNE, COP +21 more
Scott Hanold
RBC Capital Markets
3 questions for APA
Also covers: CHRD, CIVI, COP +13 more
AJ
Arun Jayaram
JPMorgan Chase & Co.
2 questions for APA
Also covers: AR, BKR, COP +33 more
Betty Jiang
Barclays
2 questions for APA
Also covers: AR, BKV, CLNE +17 more
CM
Charles Meade
Johnson Rice & Company L.L.C.
2 questions for APA
Also covers: BRY, COP, CRGY +17 more
DD
David Deckelbaum
TD Cowen
2 questions for APA
Also covers: ALB, ALTM, AR +17 more
DG
Douglas George Blyth Leggate
Wolfe Research
2 questions for APA
Also covers: BP, COP, CTRA +18 more
JS
Josh Silverstein
UBS Group
2 questions for APA
Also covers: AR, CIVI, CRC +10 more
WJ
Wei Jiang
Barclays
2 questions for APA
Also covers: AR, BKV, COP +9 more
BD
Bertrand Donnes
Truist Securities
1 question for APA
Also covers: AR, BKV, CNX +7 more
DL
Douglas Leggate
Wolfe Research
1 question for APA
Also covers: COP, CVX, DINO +6 more
Jeoffrey Lambujon
TPH & Co.
1 question for APA
Also covers: COP, FANG
Neil Mehta
Goldman Sachs
1 question for APA
Also covers: AESI, AR, BKR +37 more
OH
Oliver Huang
TPH&Co.
1 question for APA
Also covers: CHRD, CIVI, CRGY +5 more
RR
Roger Read
Wells Fargo & Company
1 question for APA
Also covers: AR, BP, CLMT +22 more
SG
Scott Gruber
Citigroup
1 question for APA
Also covers: BKR, BKV, BORR +26 more
Recent press releases and 8-K filings for APA.
APA reports Q4 2025 earnings and 2026 guidance
APA
Earnings
Guidance Update
Dividends
- APA reported Q4 net income of $279 M ($0.79/share) and adjusted net income of $324 M ($0.91/share), with $425 M free cash flow; FY2025 free cash flow exceeded $1 B, returning 63% to shareholders and reducing net debt to < $4 B
- Proved reserves increased 9% YoY to over 1 B BOE, with an all-in reserve replacement ratio above 160% for 2025
- Captured over $300 M in cost savings in 2025, achieving a $350 M controllable spend reduction run rate two years ahead of schedule; expects an additional $200 M savings in 2026 and a $450 M run rate by year-end 2026
- 2026 capital plan: $1.3 B in the Permian to sustain ~120–122 k bbl/d oil production, $500 M in Egypt to slightly grow BOE, with total portfolio spend $2.1 B (≈10% lower vs. 2025)
7 days ago
APA reports Q4 2025 results
APA
Earnings
Guidance Update
New Projects/Investments
- APA reported GAAP net income of $279 million ( $0.79 per diluted share ) and adjusted net income of $324 million ( $0.91 per diluted share ) in Q4 2025; the company generated $425 million of free cash flow, returned $154 million to shareholders, and ended the year with net debt just below $4 billion; full-year free cash flow exceeded $1 billion, with 63% returned to shareholders.
- In the Permian Basin, drilling and completion costs averaged $595 per lateral foot in the Midland Basin and $750 per lateral foot in the Delaware Basin in 2025, and APA’s improved cost structure and inventory position support sustaining oil production at current levels for at least the next 10 years.
- For 2026, APA’s total portfolio capital plan is $2.1 billion, including $1.3 billion for U.S. operations, $500 million in Egypt, $230 million for the GranMorgu development in Suriname, and $70 million for exploration; U.S. gas production is expected to reach 540-550 MMcf/d.
- APA achieved $350 million of controllable spend savings in 2025—two years ahead of its target—and expects to capture an additional $200 million of savings in 2026, bringing run-rate reductions to $450 million by year-end 2026.
7 days ago
APA reports Q4 2025 results
APA
Earnings
Dividends
Share Buyback
- APA delivered 459,767 BOE/D production in Q4 2025, with 281,051 BOE/D in the U.S. and 178,716 BOE/D internationally.
- Generated $425 million in free cash flow and returned $154 million to shareholders via dividends and buybacks in the quarter; returned 63% of free cash flow for the full year 2025.
- Reduced net debt to $4.0 billion at year-end 2025 (down from $5.4 billion in 2024) and achieved a net debt/Adjusted EBITDAX ratio of 0.7x.
- Captured over $300 million in cost savings, exiting the year at a $350 million run rate, and achieved a 30% reduction in D&C cost per lateral foot versus 2024.
- Increased Egypt gross gas production by ~10% year-over-year, eliminated past due receivable balance, and expanded Western Desert acreage by 35%.
7 days ago
APA reports Q4 and full-year 2025 results
APA
Earnings
Guidance Update
Share Buyback
- Generated $425 million of free cash flow in Q4 and over $1 billion for full-year 2025, returned approximately 63% of FCF (~$640 million) to shareholders, and reduced net debt to just under $4 billion (down $1.4 billion YoY).
- Captured over $300 million in cost savings during 2025, achieving a $350 million annualized run-rate two years ahead of plan, with visibility to $450 million run-rate savings by end-2026.
- Permian oil production exceeded Q4 guidance, and for 2026 APA targets flat oil output at ~120–122 Mbbl/d with $1.3 billion Permian capex; Egypt spend of ~$500 million is expected to grow BOE production to ~540–550 MMcf/d gas.
- Permian inventory comprises ~1,700 operated locations in economic inventory plus ~1,700 technical-upside locations, and a planned 4-well First Bone Spring appraisal test could add roughly one year of drilling inventory.
7 days ago
APA reports Q4 and full-year 2025 results
APA
Earnings
Guidance Update
- APA reported Q4 net income $279 million ($0.79 EPS) and full-year net income $1.434 billion ($3.99 EPS) on a diluted basis.
- Q4 adjusted EBITDAX was $1.2 billion with free cash flow of $425 million; for full-year, adjusted EBITDAX reached $5.4 billion and free cash flow $1.0 billion.
- Q4 production averaged 460,000 BOE/d (reported) and 387,000 BOE/d (adjusted); full-year production averaged 464,000 BOE/d (reported) and 392,000 BOE/d (adjusted).
- APA returned $154 million to shareholders in Q4 and $640 million for the full year; net debt was reduced to under $4.0 billion at year-end.
- 2026 guidance includes upstream capital of $2.1 billion and total adjusted production of 371,000 BOE/d.
8 days ago
Tornator reports 2025 results: EUR 232 million revenue and balance sheet over EUR 4 billion
APA
Earnings
Debt Issuance
New Projects/Investments
- Tornator’s Group revenue rose to EUR 232.2 million (+9.0%) in FY 2025, with adjusted operating profit of EUR 168.4 million and net profit of EUR 217.2 million.
- Operating profit at fair value reached EUR 298.4 million, as the fair value of forest assets increased to EUR 3.8 billion, driving the balance sheet to exceed EUR 4.0 billion.
- The company acquired over 35,000 hectares of forest in Finland—raising total holdings to over 800,000 hectares—and executed a debt financing arrangement to refinance its 2026 bond.
- Tornator maintained a strong equity ratio of 58.4% and achieved a return on equity at fair value of 9.5%.
Feb 3, 2026, 1:00 PM
APA Corporation provides Q4 2025 supplemental operational and financial estimates
APA
Guidance Update
Share Buyback
- APA reported estimated average realized prices for 4Q25 of $59.90/bbl (U.S. oil), $62.30/bbl (international oil), $20.40/bbl (U.S. NGL), $40.60/bbl (international NGL), $0.15/Mcf (U.S. natural gas) and $4.30/Mcf (international natural gas).
- The company expects $36 million in transaction, reorganization & separation expenses, $20 million of dry hole costs and a $193 million net gain on oil and gas purchases and sales (pre-tax).
- APA curtailed approximately 91 MMcf/d of U.S. natural gas production and 7,600 bpd of U.S. NGL production in response to weak Waha hub prices.
- Estimated weighted-average basic shares outstanding were 355 million, and the company repurchased 2.7 million shares at an average price of $24.17 during 4Q25.
Jan 20, 2026, 9:21 PM
APA provides Q4 2025 supplemental estimates and schedules earnings call
APA
Earnings
Guidance Update
Share Buyback
- APA provided estimated 4Q 2025 average realized prices: Oil at $59.90/bbl (U.S.) and $62.30/bbl (Intl.), NGLs at $20.40/bbl (U.S.) and $40.60/bbl (Intl.), and natural gas at $0.15/Mcf (U.S.) and $4.30/Mcf (Intl.).
- In 4Q 2025, APA incurred $36 million of transaction, reorganization & separation expenses (vs. $18 million in 3Q) primarily for early lease and contract terminations.
- APA curtailed approximately 91 MMcf/d of U.S. natural gas and 7,600 bbl/d of U.S. NGL production in response to weak Waha hub prices.
- Estimated weighted-average basic shares outstanding for 4Q 2025 were 355 million; APA repurchased 2.7 million shares at an average price of $24.17. A conference call to discuss 4Q 2025 and full-year results is set for Feb. 26 at 10 a.m. CT.
Jan 20, 2026, 9:15 PM
APA advances Brigalow 400MW peaking plant in Queensland
APA
New Projects/Investments
- APA Group and CS Energy signed a Joint Development Agreement to develop a 400MW fast-start gas-fired Brigalow Peaking Power Plant, targeting operations in 2028 near Kogan Creek Power Station.
- APA will hold an 80% ownership stake and lead project delivery, while CS Energy retains 20% and will operate the facility.
- The plant will provide dispatchable firming capacity during peak demand to support renewable integration and connect to APA’s Roma-Brisbane Pipeline via a new lateral line.
- GE Vernova will supply the gas turbines, with detailed engineering due by mid-2026, and a 25-year inflation-linked hedge offtake agreement secures revenue and mitigates price exposure.
Nov 30, 2025, 10:43 PM
APA considers reverse merger with Repsol’s upstream unit
APA
M&A
- Repsol SA is exploring a reverse merger of its $19 billion upstream division with APA Corp., sending APA shares up over 5% on merger speculation.
- APA’s market capitalization is approximately $8.8 billion, and it operates across the U.S., Egypt, and the North Sea, with additional projects in Suriname, Uruguay, and Alaska.
- The company’s liquidity profile shows a current ratio of 0.78, a quick ratio of 0.63, and a debt-to-equity ratio of 0.77, highlighting potential liquidity constraints alongside moderate leverage.
- Discussions are preliminary, with no certainty of a deal as both companies have declined to comment.
Nov 13, 2025, 4:32 PM
Quarterly earnings call transcripts for APA.
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